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Term of the Day
international liquidity
International Labour Organization
foreign official dollar reserves (FRODOR)
Definition
Refers to the adequacy of a country's, or the
world's
,
international reserves
. Under the Bretton Woods System,
liquidity
was a problem, since it depended on US
dollars
and thus a US
deficit
. The
SDR
was an attempt to fix this.
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Related Terms
foreign official dollar reserves (FRODOR)
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